Results of AGM & EGM

BGR PLC 6 April 2000 AGM & EGM Statement At today's Annual General Meeting and subsequent Extraordinary General Meeting of BGR plc ('BGR'), shareholders passed all the resolutions put to them, including the proposed demerger of Crestport Limited by a distribution to Shareholders of 4 Ordinary Shares in QuadraNet (the parent company of Crestport following the Demerger) for every 1 Ordinary Share held in BGR). Tony Allan, Chairman of BGR plc, made the following comments: 'This year will see our focus on the accelerated roll out of Fish!. Last year we laid the foundations and infrastructure for this expansion and demonstrated our vision by investing in our IT division which is being demerged, creating £22 million of latent value for BGR shareholders. 'Looking forward, trading remains encouraging across the Group in our new financial year. 'Within the restaurant division, Fish! in Borough Market continues to outperform our expectations. Custom at the Group's Battersea operation, which opened in December 1999, is already achieving our performance model of 40% return on capital and trading in this neighbourhood location continues to gather momentum. 'We have now secured sites for the six remaining Fish! diners which we have committed to open by the end of 2000. Contractors are currently on site in three of these locations. The Group's third Fish! operation is due to open in Canary Riverside in mid April. 'Covers at Bank in Birmingham continue to build and Zander, the Group's third Bank-style operation in Westminster, has had an encouraging start to trading. Zander is currently taking around £80,000 a week in its fourth week of operation and is on target to achieve our target of 40% return on capital within three months of operation. 'The food preparation division continues to trade well and to provide a stable platform from which to progress our ambitious expansion programme. 'The outlook remains positive for the current financial year and the Directors remain confident of another year of continued growth for the Group.' Enquiries: BGR plc Tel: 020 7234 3300 Tony Allan, Chairman Jeremy Ormerod, Chief Executive College Hill Tel: 020 7457 2020 Justine Warren/Matthew Smallwood